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Meat Processing Equipment Market Expected to Reach above USD 14,490.6 Million in 2021

Press Release   •   Jan 24, 2018 05:20 EST

According to the report, the global meat processing equipment market was valued at over USD 9,441.8 million in 2015, is expected to reach above USD 14,490.6 million in 2021 and is anticipated to grow at a CAGR of above 7.4 % between 2016 and 2021.

Meat is the livestock animal flesh, with high protein content. Meat processing industry plays a major role in economy and feeding the world’s huge population base. Meat processing equipment simplifies the process and makes meat tender which improves the taste and eases the cooking. The equipment reduces the labor cost and yields high end-use products. The spending capability over the processed foods is rising tremendously hence there is huge growth of meat processing market.

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Meat is one of the high protein content foods and hence there is huge demand for meat which results in escalating the growth of processed meat and meat processing equipment market. The major industries are replacing conventional machinery with the advance automated machines to overcome the labor cost, attain high productivity and improve the quality of finished products. This factor is likely to drive the meat processing equipment in the forecast period. Moreover, meat is perishable so processing is the essential part to prevent it from deteriorating. This fact further stimulates the growth of this market.

However, high cost of equipment and complexity in handling the machines as compared to conventional methods is the major restrains for meat processing equipment market. Nevertheless, ongoing research from the key organizations for fully automated system is likely to offer new growth prospects to the market in near future. In addition, increasing demand from the emerging economics and investment of major players in the India and China for the processing plant is likely to open new opportunities in the near future.

The meat processing equipment market can be segmented on the basis of meat type, equipment and region. There are three widely consumed types of meats which include duck meat, chicken meat, turkey meat and other types. Chicken is the potential segment and is expected to maintain its growth owing to stringent laws in some of the regions on the consumption of beef. The meat processing is accomplishing huge demand which in turn has forced the manufactures to innovate the processing equipment.

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Several equipments such as killing & defeathering, cut-up, evisceration, deboning & skinning, marinating & tumbling, freezing and others are the most widely used equipments for the processing methods. Killing & defeathering equipment is significantly growing segment owing to high requirement from the processing industry.

North America and Europe are considered to be the most prominent markets for the meat processing equipment. North America has maximum percentage of meat eaters on daily basis. As per U.S. Department of Agriculture, average American consumption of meat in 2012 was 71.2 pounds of red meat and 54.1 pounds of poultry. Asia Pacific is witnessing an unprecedented boom in recent times. This mainly contributed by increasing consumption of meat along with surging discretional income from the emerging countries particularly India and China. Processed meat is gaining demand in Asia Pacific due to ease of cooking and great taste. Latin America exhibits higher growth rate owing to changing preference towards the processed meat.. Middle East and Africa are likely to experience sustainable growth in the near future owing to improving living standards.

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The meat processing equipment market comprises of major players such as Prime Equipment Group, Inc., Duravant, BANSS, BAADER, Marel, Stephan Machinery GmbH, BIRO® Manufacturing Company, Lyco Manufacturing Inc., Bettcher Industries, Inc, Mepaco, A-One Manufacturing LLC and Marlen International among others.

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